Articles tagged “certares”

Tourism

Tourism Leaders Bemoan a Flawed Travel Recovery Without Chinese Tourists

Speakers at the World Travel and Tourism Council Global Summit in Saudi Arabia this week were full of optimism, but the final piece of the jigsaw is still China.

Matthew Parsons | 1 year ago

Airline Weekly

Air France-KLM and Delta Emerge Victors in Italy

European consolidation got a leg up last week, but not in the way many expected: Italian authorities named the offer from private equity firm Certares with Air France-KLM and Delta as their preferred bidder for ITA Airways instead of frontrunner the Lufthansa Group.

2 years ago

Overtourism

Berlin Locals Weigh in on Tourists

Today’s edition of Skift’s daily podcast looks at Berlin’s use of local consultation, ITA Airlines’ likely new owner, and what Google says about cheap flights.

Rashaad Jorden | 2 years ago

News Blog

Flight Centre Travel Group Plays Down Rumors It’s Buying U.S. Agency Altour

Flight Centre Travel Group has rebuked “media M&A speculation” that it is poised to buy U.S. travel management company Altour. “Flight Centre Travel Group (FLT or Company) is aware of media speculation in The Australian newspaper claiming FLT is considering the potential acquisition of a corporate travel business in the USA,” it said in a…

Matthew Parsons | 2 years ago

Ground Transport

Hertz Struggles in Corporate Travel But Is Encouraged by ‘Short-Burst’ Trip Trend

The impact of the strict and extended inbound Covid testing policy in the U.S. shouldn't be underestimated, especially when it comes to larger business customers. The ripple effect is evident in Hertz's latest results.

Matthew Parsons | 2 years ago

ITA Airways CEO Mum on 2 Privatization Bids Submitted to Italian Government

Two dueling bids are in for ITA Airways but CEO Fabio Lazzerini is quiet on what direction he sees the Italian government going with the privatization of the airline. Lufthansa and MSC Global, and Certares, Delta and Air France are anxiously awaiting.

2 years ago

Business Travel

Hertz Tests WeWork Alliance to Pick Up More Remote Workers

Expect to see plenty more travel-infused partnerships over the coming months, because everyone wants a bite of a recovery that could smash records this year.

Matthew Parsons | 2 years ago

News Blog

American Express Global Business Travel To Debut on Tuesday — Interesting Factoids

It's a holiday weekend in the U.S. so what better time to break up the monotony of barbecues and beach, and burrow into a Securities and Exchange Commission filing about the pending SPAC debut Tuesday of American Express Global Business Travel. Among the takeaways: The merger of Apollo Strategic Growth Capital and Amex GBT will…

Dennis Schaal | 2 years ago

News Blog

G Adventures Hasn’t Yet Used Certares Investment Money; Closing In On Acquisitions Now

G Adventures, the small group tour operator hasn't yet used any of the large amount of money it received in early 2021 from travel-focused private equity firm Certares, CEO Bruce Poon Tip admitted in an interview with Phocuswire. When Skift first broke the news about this investment in early Feb 2021, the company said at…

Rafat Ali | 2 years ago

News Blog

Certares and Knighthead Invest $225 Million in Global Blue in Bet on Duty-Free Shopping

Have you ever claimed your value added tax back for things you bought during a trip to Europe? Then you probably used a Global Blue Tax Free Shopping service. Global Blue, a payments specialist for 300,000 partner stores primarily in the European Union, is now on the rebound. It has agreed to receive $225 million…

Sean O'Neill | 2 years ago